Our daily roundup of retirement news your clients may be thinking about.

Is China a threat to your retirement portfolio?

Retirement investors, especially those who hold a diversified portfolio, should not be worried about the impact of plunging Chinese stock prices, according to this article on CNBC. The shares of Chinese companies owned by most U.S. investors and mutual funds are traded on the Hong Kong Stock Exchange, and not on the Shanghai Stock Exchange, says Morningstar's Patricia Oey. "You have to look beyond the headlines about volatility in Chinese markets and evaluate your entire portfolio." –CNBC

6 Social Security withdrawal strategies everyone should know

Having a strategy for claiming Social Security retirement benefits is important since it can significantly impact the retirees' financial prospects, according to this article on the Motley Fool. Some of the strategies that pre-retirees may consider are the "take it ASAP and keep working," the "wait for it" and the "filing as a spouse first" strategies. The "file and suspend" strategy, the "don't get married again after age 60" strategy and the "move to avoid paying Social Security income taxes" strategy are other ways that clients may consider when claiming Social Security benefits. –The Motley Fool

Why kids can be Social Security game changers

The conventional claiming strategy for Social Security retirement benefits does not apply to retirees who are still raising children, according to this article on Time Money. Children of those who are collecting retirement benefits are entitled to benefits if they are under 18 and retirees may take hold of the money if the children are very young. The children's benefits may boost the retirees' total retirement benefits, as each of these children will receive 50% of the retirees' benefits at full retirement age. –Time Money

3 retirement problems and solutions that millennials face today

The effect of student loan debt in the long term poses a major problem for millennials who are preparing for retirement, according to this article in U.S. News & World Report. Many millennial workers also face low wages and poor benefits, which can also dampen their ability to save for retirement. To address these problems, clients are advised to save as early as they can, lower their living standards and continue working for a longer period. –Yahoo Finance

3 great states for retirement

Wyoming is a great place to retire because the state offers wide open spaces, imposes no income tax and its poverty rate for seniors is the third lowest in the country, according to this article on Kiplinger. Iowa is another place for retirees to relocate because the state's cost of living, which is almost 10% below the national average, is affordable to seniors. Retirees will also find Delaware the best state to live in, as the state charges no sales tax, imposes modest income taxes and does not subject Social Security benefits to tax. –Kiplinger

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